Bloomberg Oil posted a small weekly gain on tentative signs that demand is picking up even as a new wave of coronavirus cases casts a shadow over the market. Futures in New York edged lower, but still managed to record an advance of 0.7% this week on shrinking US crude stockpiles and signs of improving demand in China and India. …

Bloomberg Veolia Environnement SA will buy a 29.9% stake in Suez SA from Engie SA for 3.4 billion euros ($4 billion), setting the stage for a full takeover — and potentially a long and acrimonious corporate battle. Engie’s board agreed to sell the stake after Veolia increased its price for its holding by 16% and offered guarantees on employment. A …

Bloomberg ConocoPhillips is in talks to acquire rival Concho Resources Inc, according to people familiar with the matter, as one of America’s largest independent oil explorers looks to make a bold bet on shale during an historic industry downturn. The companies may announce a deal in the next few weeks, said the people, who asked to not be identified because …